# Old Dominion Electric Cooperative Nuclear Decommissioning Trust

Old Dominion Electric Cooperative Nuclear Decommissioning Trust is a Trust / Investment Trust based in Glen Allen, United States.

## Overview

- **Organization type:** Trust / Investment Trust
- **Headquarters:** Glen Allen, United States
- **Region:** North America
- **Address:** 4201 Dominion Boulevard, Glen Allen, VA 23060, United States
- **Founded:** 1948
- **Assets under management:** Undisclosed
- **Website:** www.odec.com
- **LinkedIn:** https://www.linkedin.com/company/old-dominion-electric-cooperative

## Regulatory record

- **Reports private funds:** No

## About

Powering community Old Dominion Electric Cooperative generates power for local electric cooperatives across Virginia, Maryland, and Delaware. Learn more about us Reliable, affordable, responsible ODEC exists to provide...

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- Chris Cosby — President and CEO

## Questions

### What is the investment objective of the Old Dominion Electric Cooperative Nuclear Decommissioning Trust?

The trust is a single-purpose vehicle funded by ODEC's ratepayers to cover the future cost of decommissioning ODEC's 11.6% ownership stake in the North Anna Nuclear Power Station. Its portfolio is managed to a liability-driven investment mandate, matching asset duration and liquidity to the projected decommissioning schedule. The trust operates under Nuclear Regulatory Commission financial assurance regulations.

### Who operates the North Anna Power Station and what is ODEC's role?

Dominion Energy (Virginia Electric and Power Company) operates North Anna as the 88.4% majority owner. ODEC holds an 11.6% undivided interest and purchases its proportional share of the plant's output under a cost-of-service contract. ODEC's Nuclear Decommissioning Trust is funded by the cooperative to cover its share of decommissioning costs.

### What is the relationship between ODEC's Nuclear Decommissioning Trust and its ratepayers?

The trust is funded through the rates charged to ODEC's 11 member distribution cooperatives. Contributions are collected as part of the wholesale power cost and are irrevocably committed to decommissioning activities. The trust assets are legally segregated and cannot be used for ODEC's general corporate purposes or operating expenses.

### Does ODEC maintain other generation assets beyond North Anna?

Yes. ODEC wholly owns the Clover Power Station (coal) in Halifax County, Virginia, and the Wildcat Point Generation Facility (natural gas) in Cecil County, Maryland. The cooperative also integrates renewable generation through power purchase agreements. The decommissioning trust is specific to the nuclear liability at North Anna.

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Last updated: 2026-06-03T20:00:00.000Z

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